National Rural Electric Cooperative Association 401(k) Pension Plan

Schedule C of this filing reports Nreca. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.

The match formula and the vesting schedule are stated in a Form 11-K, which is filed only by employers whose plan holds company stock. A Form 5500 reports neither.

• This filing is not about one employer

  One Form 5500 covers many unrelated employers here, so every figure on this page is an average across all of them. The match, the vesting schedule and the fees that apply to one worker are set by that worker’s own employer, and none of the three is stated in this filing.

• What to ask about the fees

  This plan paid $585.22 per participant out of plan assets, more than 100% of plans with 5,000+ participants, where the middle plan paid $54.84. The filing does not say what the difference buys. Two questions put that to a benefits or HR team: what the recordkeeping and administration contract costs, and how much of it comes out of participant accounts rather than being paid by National Rural Electric Cooperative Association. The lines this total is made of are further down.

• Your own numbers are not on this page

  Every figure here is the whole plan for plan year 2024, taken from one filing and divided by headcounts. Your own contribution rate, your balance and the fees taken from your account are on your recordkeeper’s site. What you may put in during a year is set by the IRS and not by the plan: this year’s limits ↗.

Schedule H line 4a of this filing is answered yes, and reports $3,286,752 of money withheld from participants’ pay that reached the plan later than the law allows, for plan year 2024.

Schedule H line 4a asks whether any money withheld from pay reached the plan later than the law allows. A yes here most often means the employer found the delay itself, put the money in along with the earnings it would have made, and reported the correction to the Department of Labor under its Voluntary Fiduciary Correction Program. The filing instructions also require the same amount to be reported again every year until the year after the correction is finished, so this figure is not necessarily money that was late during this plan year. It does not mean participants lost money.

It is a common answer: 13,904 of the 55,904 plans that answered this line answered yes, and half of them reported less than $33,100.

The plan paid $47,332,687 in administrative expenses in plan year 2024, across 80,880 participants: $585.22 per participant.

These are plan-paid expenses from Schedule H only. Fees the sponsor pays directly, and fees embedded in fund expense ratios, never appear here. This figure is a floor, not the all-in cost, and a low number is not “free”.

Fees on this page are ranked against the 5,000+ participant cohort, where the median plan pays $54.84 per participant. The sponsor files from Virginia, one of 1,765 plans on file there, at a median of $142.39 per participant. Its business code places the plan at utilities, one of 407 on file, which run to a median of $138.21.

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• Read this plan's Form 5500 as filed (PDF) ↗

  The document every figure above was read from, served by the DOL. Acknowledgement ID 20251014161215NAL0003254097001.

Everything this page reports about the plan itself was read from one document: the Form 5500 annual return that National Rural Electric Cooperative Association filed with the US Department of Labor for the plan year ended December 31, 2024. Nothing here is estimated, modelled or supplied by the employer to this site.

Where the page compares this plan with others, the comparison is computed from the same Form 5500 release across the peer group each figure names. The filing is below, and the identifiers under it find it again without this page.

Read the filing as submitted (PDF, dol.gov) ↗

Bulk dataset at askebsa.dol.gov ↗ · Search EFAST2 by EIN and plan number ↗

401(k) Monitor is not affiliated with National Rural Electric Cooperative Association, with the Department of Labor or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.

Filings lag by design: a plan can file up to 9½ months after its year ends, so this is the newest data on file. Why filings lag

Cite this page

401(k) Monitor, "401(k) Pension Plan: Form 5500 facts", from DOL EFAST2 filing 20251014161215NAL0003254097001, plan year ended December 31, 2024.